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A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy. A channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines at least twice. An ascending channel indicates a bullish trend, with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.

A descending channel indicates a bearish trend, with the support line connecting consecutive lower lows and the resistance line connecting consecutive lower highs. Generally speaking, the support line of an ascending channel is a buy zone and the resistance line of a descending channel is a sell zone, while the opposing lines are profit-taking zones. A common stop level lies on the other side of the buy or sell zone. Conservative traders may look for additional confirmation before entering a trade. TradingView has a smart drawing tool that allows users to visually identify channels on a chart.
andmk2 andmk2 MCB, 1W, Short ,
13 0 1
MCB, 1W Short
McBride now bearish; more downside expected

McBride's now bearish Now outside of it's trend channel and below its 200 EMA

178 0 1
SXX, W
Sirius Minerals has broken its trend channel

Sirius has broken its upward trend channel and is at a crossroads. However, although stochastic is trending down another indicator, Bollinger Bands, is inconclusive. Wait and See.

46 1 2
XRPUSD, 60 Long
Candidate Wave One

Watch for price crossing up through the dotted lines mid-lower-lower and then mid-lower channel..

110 0 3
XRPUSD, 3D Long
Complete First Wave I

Kennedy Channel plot for the first Ripple Elliott Wave cycle. Base, Acceleration and Deceleration channels are shown along with their respective loci..

theansweris42 theansweris42 XRPUSD, 240, Long ,
79 0 2
XRPUSD, 240 Long
Log Confluence

A conspicuous confluence on a Log plot using Kennedy Channels..

62 0 1
BTCUSD, 480
Resistance Imminent?

Kennedy Base, Acceleration and Deceleration channels in Blue, Green and Red respectively. Classic Elliott 5-wave objective channel in yellow. Gradations of colours are shadow channels offering support/resistance. Price is approaching under-side of base channel and likely to encounter resistance here.

Shivam_93 Shivam_93 GBPUSD, 240, Short ,
254 0 4
GBPUSD, 240 Short
GBP/USD Short Setup

RSI bearish divergence illustrates price exhaustion, bearish reversal. Strong resistance around 1.3000 psychological level . Rejected 50 EMA on the daily timeframe. Consolidation of price since reaching this upper end of the downwards parallel channel. 100 pips target 50 pips stop. 1:2 risk/reward.

14 0 0
1/ETHUSD, 480
Inverted Perspective (USDETH)

Kennedy Channels plotted for USDETH

13 0 0
NEOUSD, 60 Long
Wave One Candidate

Watch for mid-lower-lower and mid-lower dotted-line crossing up..

DianKemala DianKemala EURUSD, 1M, Long ,
166 1 3
EURUSD, 1M Long
EURUSD - 12 years bullish wave

Hi, today i wanna discuss about cylic analysis. this is long term projection for "position trader", coz opening position not only for month, but for years. In this analysis we focus to 6 years cycle, you can see that EURUSD perform a big 15 degree parallel channel up, still not break for 39 years, and still valid. If we look cyclic lines, bearish take 6 years ...

theansweris42 theansweris42 BLX, 1D, Long ,
21 0 0
BLX, 1D Long
Super-Cycle Play II

Further tweaking and compliance checking resulting in channel realignment and additions..

25 0 0
ETHUSD, 1D Long
Conspicuous Geometric Confluence I

Kennedy channels (with shadows).

theansweris42 theansweris42 BTCUSD, 480, Long ,
35 0 0
BTCUSD, 480 Long
July Rally Revisited

Kennedy Channelling update

theansweris42 theansweris42 BLX, 1D, Long ,
6 0 0
BLX, 1D Long
Super-Cycle Play I: Cycle 3.3

Here's the big picture of the 2017 rally mapped with candidate Kennedy channels. Pay attention to support/resistance offered by the extant acceleration channels (green) and ultimately the base channel (blue).

theansweris42 theansweris42 BLX, 1D, Long ,
29 0 1
BLX, 1D Long
The Super-Cycle Play I

Hello all. I've been crunching my way through some big picture Elliott wave analysis. My current play (which *will* be revised in due course as I discover structural non-compliance) is that we are in wave 2 of 3 of 3. This is based upon the depth of retracement after last two major rallies (in 2014 and 2017) and the compliance of the latter to a single channel (on ...

152 0 2
BTCUSD, 1D Long
Multi-Factorial Analysis: Elliot, Kennedy, Fib, S/R, RSI, MACD

Confluently mapped combination of the above indicators for anticipated rally.

25 0 0
ETHUSD, 1D
ETHUSD Kennedy Channels (First Primary Cycle) I

Kennedy Channels applied to the major Ethereum-Fiat market cycle of 'primary' degree

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